Thursday, October 19, 2017 New York : London: India: Tokyo:

 

GLOBAL ECONOMIC & CURRENCY OUTLOOK

 

 

15/09/2011

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OBSERVATIONS:

1) Local stock market was the worst performer in the Asian region with the fall of 17.72% in BSE SENSEX.

2) Except for Philippines Stock Exchange(PSEI) and Indonesia-Jakarta composite index(IJCI) all the other major stock indices like Hangseng, Nikkei, Taiwanese & Kospi fell by over 16% during the period of Jan 2011 to till date.

3) Philippines Stock Index showed a rise of 2.02% and Jakarta Composite index showed a rise of 0.19%.

4) The valuations of Indian stocks had become cheap and one can expect sizable FII inflows into Indian equities in the remainder of the calendar year favoured by improving economic fundamentals and investor- friendly reform measures announced by Indian govt., including the relaxations in the ECB guidelines announced by the Finance Ministry today.

 

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